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80% rule: Most reversals fail 28:37 Ulugbek Mamatkulov says: FXI• Thu, Jul. 12, 11:46 AM • Erich Reimer•9 Comments
Bad management 33:24 Record your wins, losses, average win, and average loss. If you are happy with your results then you can go on to the next stage of testing: trading live on a demo account.
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Yes No An important and essential concept to understand with forex is that it’s traded in pairs. This means you are buying and selling a currency at the same time. For example, you enter into a European euro versus the U.S. dollar trade, or EUR/USD. This means you believe that the euro will increase in value in relation to the dollar. Conversely, if the euro goes down with respect to the dollar, you could lose your entire deposit, or even more. If the euro goes go up and you’d like to take your profits, you would “unwind” that position by selling the euro and buying the dollar. That’s a very simple example, but should give you a general idea of how forex works.
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Student Visit a branch Web platforms Answered Jan 30 2017 · Author has 187 answers and 289k answer views In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.
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Choosing a Trading Platform Kenneth John McPherson, I commenced educating myself about Forex Trading in 2012 and continue to learn.
First, you can just pick any random ass system that looks good to you. This may seem like a terrible idea, but it can have it's pluses. On the bright side, you will probably figure out something that doesn't work. But you may also get other ideas on how you can get the method to work and that may lead you to something that actually does work.
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Holidays Forex Profit Heaper Sign in / Join Now Matthew Riley, head of research at the portfolio research and consulting group, says: “A substantial part of the explanation is currency risk which is no surprise since currency moves in 2016 were the highest since 2008 and had a large impact on the surveyed portfolios.
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I purchased this book along with FOLLOW PRICE ACTION TRENDS-FOREX TRADING SYSTEM. While they both are very good books, I only gave it 3 stars because the first 60 (sixty) pages of both books are the exact same pages verbatim. The books are less than 100 pages. The font size is large and unfortunately the charts are small. I wish it was the other way around. I actually bought three "different" books. The information is very valuable and its plain to see that you don't need a 300 page book to explain the strategies however I don't appreciate 60 pages of the same thing in both books.
No requotes on live prices: we will never fill your trade at a level worse than the one you requested.
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